American International Group Inc. purchased a new stake in GNC Holdings Inc (NYSE:GNC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 45,696 shares of the specialty retailer’s stock, valued at approximately $169,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in GNC by 5.3% in the 2nd quarter. State Street Corp now owns 2,369,707 shares of the specialty retailer’s stock valued at $19,971,000 after purchasing an additional 118,390 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of GNC by 39.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 739,603 shares of the specialty retailer’s stock valued at $2,730,000 after acquiring an additional 207,448 shares during the period. California Public Employees Retirement System lifted its position in shares of GNC by 24.5% during the 4th quarter. California Public Employees Retirement System now owns 692,917 shares of the specialty retailer’s stock valued at $2,557,000 after acquiring an additional 136,399 shares during the period. Wells Fargo & Company MN lifted its position in shares of GNC by 66.8% during the 3rd quarter. Wells Fargo & Company MN now owns 523,768 shares of the specialty retailer’s stock valued at $4,630,000 after acquiring an additional 209,789 shares during the period. Finally, SG Americas Securities LLC lifted its position in shares of GNC by 311.0% during the 4th quarter. SG Americas Securities LLC now owns 348,703 shares of the specialty retailer’s stock valued at $1,287,000 after acquiring an additional 263,865 shares during the period. Institutional investors and hedge funds own 59.70% of the company’s stock.

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Shares of GNC Holdings Inc (NYSE GNC) opened at $4.28 on Wednesday. The company has a current ratio of 2.83, a quick ratio of 0.89 and a debt-to-equity ratio of -8.01. GNC Holdings Inc has a 1 year low of $3.13 and a 1 year high of $10.95. The firm has a market capitalization of $347.20, a price-to-earnings ratio of -2.04 and a beta of 0.84.

GNC (NYSE:GNC) last announced its quarterly earnings data on Tuesday, February 13th. The specialty retailer reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. GNC had a negative return on equity of 120.93% and a negative net margin of 6.07%. The business had revenue of $557.74 million during the quarter, compared to the consensus estimate of $568.80 million. During the same period in the prior year, the company earned $0.07 EPS. GNC’s revenue for the quarter was down 2.1% on a year-over-year basis. analysts predict that GNC Holdings Inc will post 0.88 earnings per share for the current year.

A number of analysts have recently weighed in on the company. Zacks Investment Research upgraded GNC from a “sell” rating to a “hold” rating in a research report on Monday, March 5th. ValuEngine downgraded GNC from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 21st. Finally, JPMorgan Chase & Co. cut their target price on GNC from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. GNC has an average rating of “Hold” and an average target price of $7.77.

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GNC Company Profile

GNC Holdings, Inc is a specialty retailer of health, wellness and performance products, which include protein, performance supplements, weight management supplements, vitamins, herbs and greens, wellness supplements, health and beauty, food and drink and other general merchandise. The Company’s operations consist of purchasing raw materials, formulating and manufacturing products and selling the finished products.

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Institutional Ownership by Quarter for GNC (NYSE:GNC)

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